Banks

SMBC Americas Holdings, Inc. Elects Analisa M. Allen and Morris R. Morgan as Independent Directors

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Insurance, Finance, Consulting, Banking, Accounting, Sumitomo Mitsui Financial Group, Mitsui, Sumitomo Group, Sumitomo Mitsui Banking Corporation, Banks, Financial services, Companies

SMBC Americas Holdings, Inc. (SMBCAH), a member of SMBC Group, announced today that it has elected Analisa M. Allen and Morris R. Morgan as independent directors.

Key Points: 
  • SMBC Americas Holdings, Inc. (SMBCAH), a member of SMBC Group, announced today that it has elected Analisa M. Allen and Morris R. Morgan as independent directors.
  • Were very pleased to welcome Analisa and Morris to the SMBCAH board.
  • In 2020, Mr. Morgan joined Chain Bridge Partners, LLC, a leading independent financial regulatory risk management advisory firm, as Managing Director.
  • In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru.

Fineco adds International Asset Management to investing platform

Retrieved on: 
Tuesday, July 20, 2021
Finance, Banks, Companies, Vontobel, UniCredit Group, Undertakings for Collective Investment in Transferable Securities Directive, Invesco, Asset management, FinecoBank, BNY Mellon

LONDON, July 20, 2021 /PRNewswire/ --FinecoBank announces funds from International Asset Management (IAM) are now available on its investing platform.

Key Points: 
  • LONDON, July 20, 2021 /PRNewswire/ --FinecoBank announces funds from International Asset Management (IAM) are now available on its investing platform.
  • IAM is one of the oldest independent asset management firms specialising in Hedge Funds and Alternative UCITS investments, with a proven track record of over 30 years.
  • This announcement follows on from earlier announcements that funds from AXA, BNY Mellon Investment Management, Invesco, Vontobel and Wellington joined the Fineco platform this year.
  • Mirko Butti, managing partner at International Asset Management (IAM): "We are thrilled to be part of this new and exciting venture.

Nasdaq, SVB, Citi, Goldman Sachs, and Morgan Stanley Launch New Platform for Trading Private Company Stock

Retrieved on: 
Tuesday, July 20, 2021
Primary dealers, Subprime mortgage crisis, Banks, Finance, Economy of New York City, Goldman Sachs, Morgan Stanley, Citigroup, Dark pool

Nasdaq Private Market will be contributed to a standalone, independent company, which will receive strategic investments from SVB, Citi, Goldman Sachs, and Morgan Stanley.

Key Points: 
  • Nasdaq Private Market will be contributed to a standalone, independent company, which will receive strategic investments from SVB, Citi, Goldman Sachs, and Morgan Stanley.
  • The platform will continue to manage and support private company stock transactions including tender offers, buyside book-building, auctions, investor block trades, company directed windows of liquidity and pre-direct listing continuous trading.
  • The platform will build a unique distribution network, leveraging the joint venture partners strong relationships with private companies and investors.
  • Todays announcement highlights our optimism about the evolution of the private markets, said representatives at Citi, Goldman Sachs and Morgan Stanley.

Neo/Challenger Banks to Add 435 Million New Accounts Worldwide by 2026

Retrieved on: 
Tuesday, July 20, 2021
Online banks, Finance, Banks, Service industries, Chime, Nubank, Challenger bank, SoFi

According to global tech market advisory firm ABI Research,neo and challenger banks will continue on an impressive grow trajectory, with the user base for the top 57 neo and challenger banks expanding their number of accounts from 155 million in 2020 to 590.6 million in 2026.

Key Points: 
  • According to global tech market advisory firm ABI Research,neo and challenger banks will continue on an impressive grow trajectory, with the user base for the top 57 neo and challenger banks expanding their number of accounts from 155 million in 2020 to 590.6 million in 2026.
  • "Traditional banks are feeling the pressure from their customer base to deploy digital solutions for financial services, competing with other traditional banks as well as neo/challenger banks.
  • The top 15 neobanks in the region (e.g., Chime, Upgrade, SoFi) will see their number of accounts increase from 56.9 million in 2021 to 162.8 million in 2026.
  • The top 4 neo and challenger banks (e.g., Nubank and Banco Inter) in the region will consequently see their number of accounts increase from 0.7 million in 2021 to 1.4 million in 2026.

Neo/Challenger Banks to Add 435 Million New Accounts Worldwide by 2026

Retrieved on: 
Tuesday, July 20, 2021
Online banks, Finance, Banks, Service industries, Chime, Nubank, Challenger bank, SoFi

According to global tech market advisory firm ABI Research,neo and challenger banks will continue on an impressive grow trajectory, with the user base for the top 57 neo and challenger banks expanding their number of accounts from 155 million in 2020 to 590.6 million in 2026.

Key Points: 
  • According to global tech market advisory firm ABI Research,neo and challenger banks will continue on an impressive grow trajectory, with the user base for the top 57 neo and challenger banks expanding their number of accounts from 155 million in 2020 to 590.6 million in 2026.
  • "Traditional banks are feeling the pressure from their customer base to deploy digital solutions for financial services, competing with other traditional banks as well as neo/challenger banks.
  • The top 15 neobanks in the region (e.g., Chime, Upgrade, SoFi) will see their number of accounts increase from 56.9 million in 2021 to 162.8 million in 2026.
  • The top 4 neo and challenger banks (e.g., Nubank and Banco Inter) in the region will consequently see their number of accounts increase from 0.7 million in 2021 to 1.4 million in 2026.

Publication relating to a transparency notification

Retrieved on: 
Monday, July 19, 2021
Finance, Banks, BNP Paribas, Financial services, Investment banks, Primary dealers, CAC 40, Euronext, Threshold

Mont-Saint-Guibert (Belgium), July 19, 2021, 10.30pm CET / 4.30pm ET In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.

Key Points: 
  • Mont-Saint-Guibert (Belgium), July 19, 2021, 10.30pm CET / 4.30pm ET In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.
  • On July 16, 2021, Nyxoah received a transparency notification from BNP Paribas Asset ManagementSA following the passive downward crossing of the lowest threshold on July 7, 2021.
  • As of such date, BNP Paribas Asset ManagementSA (through its affiliate BNP Paribas Asset Management France SAS) held 696,562 shares, representing 2.79% of the total number of voting rights on July 7, 2021 (25,002,609).
  • The notification dated July 16, 2021 contains the following information:
    Reason for the notification: passive crossing of a threshold; downward crossing of the lowest threshold
    Persons subject to the notification requirement: BNP Paribas Asset Management SA (with address at SA 47000-75318 Parias cedex 09-France)
    Date on which the threshold was crossed: July 7, 2021

F45 Training Holdings Inc. Announces Closing of Initial Public Offering

Retrieved on: 
Monday, July 19, 2021
General Health, Health, Fitness & Nutrition, Finance, Money, Banks, Subprime mortgage crisis, Initial public offering, Primary dealers, Corporate finance, Goldman Sachs, J.P. Morgan & Co., Underwriting, Public offering

F45 Training Holdings Inc. (the Company or F45) announced today the closing of its initial public offering.

Key Points: 
  • F45 Training Holdings Inc. (the Company or F45) announced today the closing of its initial public offering.
  • The shares began trading on the New York Stock Exchange on July 15, 2021 under the symbol FXLV.
  • F45 received net proceeds from the offering of approximately $279.0 million, after deducting underwriting discounts and commissions.
  • Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as joint leading book-running managers and representatives of the underwriters for the offering.

JRVR DEADLINE: Shareholders With Substantial Losses Have Opportunity to Lead the James River Group Holdings, Ltd. Class Action Lawsuit

Retrieved on: 
Monday, July 19, 2021
Legal, Professional services, Civil law, Class action, Primary dealers, Subprime mortgage crisis, Lawsuit, Madoff investment scandal, Banks, Finance, Financial services

The James River Group class action lawsuit charges James River Group and certain of its top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • The James River Group class action lawsuit charges James River Group and certain of its top executives with violations of the Securities Exchange Act of 1934.
  • The James River Group class action lawsuit (Employees Retirement Fund of the City of Fort Worth dba Fort Worth Employees Retirement Fund v. James River Group Holdings, Ltd., No.
  • If you wish to serve as lead plaintiff of the James River Group class action lawsuit, please provide your information by clicking here .
  • Lead plaintiff motions for the James River Group class action lawsuit must be filed with the court no later than September 7, 2021.

Citi Has Been Recognized by Celent as a Winner of a Model Bank 2021 Award for Commercial Payments

Retrieved on: 
Monday, July 19, 2021
Technology, Mobile, Wireless, Finance, Consulting, Banking, Accounting, Professional services, Internet, Data management, Citigroup, Midtown Manhattan, Subprime mortgage crisis, Economy of New York City, Companies, Banks

Citi has been named by Celent as winner of the Model Bank 2021 Award for Commercial Payments.

Key Points: 
  • Citi has been named by Celent as winner of the Model Bank 2021 Award for Commercial Payments.
  • Two of Citis recent payments solutions Citi Global Collect and Citi Global Instant Payments were recognized by Celent for the innovative way they have improved global payments practices, making them easier for Citis clients.
  • Citi was the winner of the Celent Model Bank of the year in 2019 as well.
  • Citi Global Collect was selected as a winner in this years Model Bank Award for Commercial Payments because of its transformative vision and innovative solution.

ABANCA USA and BANESCO USA Agree on a $17.5 Million Syndicated Loan to Finance Countyline Apartments

Retrieved on: 
Monday, July 19, 2021
Banesco, Countertop, Abanca, Companies, Banks

MIAMI, July 19, 2021 /PRNewswire/ -- Countyline Apartments, a 112-unit residential development located at 1080 NE 215th Street in Miami, Florida, has secured funding through a $17.5 million syndicated loan from two lenders, Banesco USA and ABANCA USA - the lead arranger for the transaction.

Key Points: 
  • MIAMI, July 19, 2021 /PRNewswire/ -- Countyline Apartments, a 112-unit residential development located at 1080 NE 215th Street in Miami, Florida, has secured funding through a $17.5 million syndicated loan from two lenders, Banesco USA and ABANCA USA - the lead arranger for the transaction.
  • All units will have a patio or balcony, stainless steel appliances, granite countertops, ceramic tile flooring, and an in-unit washer and dryer.
  • Amenities will also include a business center, playground, media room, swimming pool as surface parking with the ability to house over 176 vehicles.
  • Monica Vazquez, ABANCA USA General Manager, explains that Countyline Apartments is a response to the market appetite not only for top-quality apartments but also for residential units that provide enough open space, optimizing energy consumption.